Costa Rica (CRI) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Costa Rica-Mongolia Trade: In 2022, Costa Rica exported $671k to Mongolia. The main products that Costa Rica exported to Mongolia were Orthopedic Appliances ($273k), Medical Instruments ($111k), and Other Processed Fruits and Nuts ($82.3k). Over the past 5 years the exports of Costa Rica to Mongolia have increased at an annualized rate of 42.4%, from $115k in 2017 to $671k in 2022.

In 2022, Costa Rica did not export any services to Mongolia.

Mongolia-Costa Rica In N/A, Mongolia did not export any products to Costa Rica.

In 2022, Mongolia did not export any services to Costa Rica.

Comparison: In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $671k to Mongolia. The main products exported from Costa Rica to Mongolia were Orthopedic Appliances ($273k), Medical Instruments ($111k), and Other Processed Fruits and Nuts ($82.3k). During the last 5 years the exports of Costa Rica to Mongolia have increased at an annualized rate of 42.4%, from $115k in 2017 to $671k in 2022.

Mongolia does not register exports to Costa Rica. The main products exported from Mongolia to Costa Rica were Vacuum Cleaners ($5.46k), Other Furniture ($1.61k), and Metal Mountings ($806).

Exports from Costa Rica () to Mongolia () (2022)

Exports from Mongolia () to Costa Rica () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Mongolia
Top DestinationChina$10.6B

This map shows whether countries import more from Costa Rica or Mongolia. Each country is colored based on the difference in imports they receive from Costa Rica and Mongolia or the difference in the growth in imports.

In 2022, countries that imported more from Costa Rica than Mongolia included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2022, countries that imported more from Mongolia than Costa Rica included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Costa Rica and Mongolia by product, considering products traded by both, Costa Rica and Mongolia.

During 2022, Costa Rica had a large net trade with Mongolia in the exports of Instruments ($393k), Foodstuffs ($118k), and Vegetable Products ($98.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Mongolia+$326kMedical Instruments

Top Product Potential Mongolia Costa Rica+$2.64kOther Furniture

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Mongolia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Mongolia () (2022)

Exports from Mongolia () to Costa Rica () (2022)

Market Competitiveness

Difference in imports from Mongolia () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Mongolia () (2022)

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